Bitcoin
Federal Reserve denies FedNow is a CBDC
Online sources post disinformation on payment system as anti-CBDC sentiment grows
IMF officials: do not make crypto legal tender
Fund leaders call for cautious approach to digital assets at February meeting
Carstens sets out vision for future monetary system
Programmable money on shared ledger would preserve two-tiered structure
Bitcoin price does not respond to market signals – paper
Researchers find cryptocurrency value “orthogonal” to most economic indicators
BIS publishes database on bitcoin adopters
Evidence suggests speculation is key motive for holding bitcoin, rather than distrust of traditional institutions
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
Rate rises reveal defi weaknesses – Powell
Regulating algorithms highlighted as key crypto challenge at Banque de France conference
NY court orders world’s largest stablecoin issuer to prove reserves
Defendants accused of crypto market price manipulation
Banknotes: July to September 2022
A round-up of news and salient issues that have affected central bankers in the past three months
UN warns against rapid adoption of crypto in developing nations
Tax evasion depletes resources for development, report finds
El Salvador congress approves use of SDRs for early debt repayment
Talks with IMF stalled as country tackles $24 billion debt load
MAS to consult public on regulating stablecoins
Chairman says central bank will consider reserve requirements for stablecoin issuers
Central African Republic launches crypto asset
Regional central bank reaffirmed ban on cryptocurrency after CAR made bitcoin legal tender
Swift gears up for innovation around digital currencies
Head of innovation at global payments messaging provider is focused on CBDCs, tokenised securities and artificial intelligence
Basel Committee proposes capital add-ons for crypto exposures
Committee tightens proposed rules in several areas following high-profile crypto failures
(Un)stablecoins and central banks
Time to tackle stablecoin structures and support mechanisms
Panama’s president vetoes parts of crypto law
Bankers’ association also opposes law, which president says lacks AML protections
Book notes: The future of money, by Eswar S Prasad
Prasad’s book is the best on the topic so far, providing the most complete description of issues and factors that will shape the future of money
Cuban central bank to license crypto service providers
Resolution may encourage greater use of virtual currencies for remittances
Central African Republic makes cryptocurrency legal tender
War-torn state is second country to give crypto official status, after El Salvador
NBU restricts crypto purchases to stem capital outflows
Ukraine continues to accept bitcoin, ethereum and tether for war effort
Honduras central bank warns on bitcoin again
Central American country will not follow El Salvador in making bitcoin legal tender, BCH says
Digital money and central banks
Central banks must reflect on the monetary policy, regulatory and financial stability implications from crypto assets, stablecoins and CBDCs to stay relevant in the digital age of money
Markus Brunnermeier on the need for CBDCs
The Princeton academic co-authored a paper for the European Parliament exploring the potential pitfalls of CBDCs. But they are still needed, he says